Stocks-bonds rolling 5Y correlation: -0.3 (normal regime), +0.2-0.5 (rate-shock regime)
| source | Historical FRED + CRSP data |
| derivation | data_calibrated |
| quality | calibrated |
| set | 2026-05-25 |
| last reviewed | 2026-05-25 |
| next review due | 2026-12-31 |
Stress scenarios assume regime-switching to positive correlation; calibrated to 2022-2024 experience.